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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Valmet Oyj    VALMT   FI4000074984

VALMET OYJ

(VALMT)
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Valmet Oyj : to supply an extensive paper machine grade conversion rebuild to Modern Karton in Turkey

10/14/2020 | 04:22am EST

Valmet Oyj's press release on October 14, 2020 at 11:00 a.m. EET

Valmet will supply an extensive paper machine grade conversion rebuildand a wide scope of automation to Modern Karton Sanayii Ve Ticaret at its Tekirdağ Mill in Turkey. In the project, paper machine PM 3 which is currently producing recycled containerboard, will be rebuilt to produce high quality coated containerboard grades. The start-up of the rebuilt paper machine is scheduled for the beginning of 2022.

The order is included in Valmet's orders received of the third quarter 2020. The value of the order will not be disclosed. The value of an order of this type is typically around EUR 40-50 million.

'We chose Valmet as our strategic partner to support our growth strategy. We value Valmet's high technical expertise and expect to have excellent cooperation in the project,' says Hamdullah Eren,Chairman of the Board of Modern Karton.

'The cooperation during the sales phase was excellent, which sets a good foundation for the project. Valmet's coating process knowhow and the convincing references made our solution very appealing to the customer,' says Petteri Soini, Senior Sales Manager, Valmet.

Technical details about the delivery

Valmet's grade conversion delivery will include modifications in the existing stock preparation line and paper machine. The scope includes broke collection system, white water system and modifications to the approach flow system. The delivery in the existing paper machine will include three new OptiFlo Foudrinierheadboxes, modifications to forming, press, pre-dryingand sizingsections. The delivery will also include a completely new coating section with OptiCoat Layercurtain coating station, OptiCoat Jetblade coating station, a coating color preparation system, supply systems for both coating stations, an OptiCalender Softcalender and an OptiReel Linearcenter-driven reel.

The delivery will also include rebuilding of the existing air systems with e.g. new open hood, heat recovery system and OptiDry Coatair dying units. The delivery will be complemented with anautomation package includingmachine control,quality management, condition monitoring systemsand retention measurement. In addition to the on-site support, the start-up and the further optimization of the rebuilt machine will be supported remotely fromValmet Performance Center.

The 5,600-mm wide (wire) containerboard machine PM 3 will produce recycled white-top testliner, coated white top testliner, recycled fluting and testliner grades with a basis weight range of 105-225 g/m2 and design speed of 1,300 m/min.

Information about the customer Modern Karton

Modern Karton Sanayi Ve Ticaret A.Ş, which was founded in 1974, is part of Eren Holding and is based in Istanbul. It is Turkey's largest corrugated fiberboard producer and among the largest in Europe. The facility uses waste paper in its production and has an annual production capacity of 1,050,000 tonnes.

VALMET
Corporate Communications

For further information, please contact:
Jari Vähäpesola, President, Paper business line, Valmet, tel. +358 40 558 6555
Kari Räisänen, Sales Director, EMEA and NA, Board and Paper Mills, Valmet, tel. +358 40 518 0567

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2019 were approximately EUR 3.5 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

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Disclaimer

Valmet Oyj published this content on 14 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 08:09:01 UTC


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